Skyscanner said to be exploring sale or IPO

Online travel search company Skyscanner Ltd. has begun exploring strategic options, including a possible sale of the company or an initial public offering, people familiar with situation said.

Online travel search company Skyscanner Ltd. has begun exploring strategic options, including a possible sale of the company or an initial public offering, people familiar with situation said.

The Edinburgh, Scotland-based company was valued at more than 1 billion pounds (USD 1.2 billion) by investors after a financing round in January, according to documents filed with the British business registry Companies House. That made it one of just a few Scotland-based unicorns, startups with a valuation of at least USD 1 billion.

In addition to looking for an exit, Skyscanner has held fundraising discussions with investors, said one person, who asked not to be identified because the discussions are ongoing.